Eagle Global Advisors LLC Grows Stake in Phillips 66 (NYSE:PSX)

Eagle Global Advisors LLC lifted its stake in Phillips 66 (NYSE:PSX - Free Report) by 342.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,754 shares of the oil and gas company's stock after buying an additional 6,000 shares during the period. Eagle Global Advisors LLC's holdings in Phillips 66 were worth $883,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PSX. Principal Financial Group Inc. lifted its holdings in Phillips 66 by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 530,807 shares of the oil and gas company's stock worth $69,775,000 after buying an additional 14,209 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Phillips 66 by 110.9% in the fourth quarter. CWA Asset Management Group LLC now owns 3,908 shares of the oil and gas company's stock worth $445,000 after acquiring an additional 2,055 shares in the last quarter. Bank of New Hampshire boosted its holdings in Phillips 66 by 5.6% in the fourth quarter. Bank of New Hampshire now owns 1,987 shares of the oil and gas company's stock valued at $226,000 after purchasing an additional 105 shares during the last quarter. Diversified Trust Co increased its holdings in Phillips 66 by 27.1% during the 4th quarter. Diversified Trust Co now owns 12,396 shares of the oil and gas company's stock worth $1,412,000 after purchasing an additional 2,646 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Phillips 66 during the 4th quarter valued at approximately $2,290,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Phillips 66 Price Performance

Shares of PSX opened at $105.64 on Thursday. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The stock's fifty day moving average is $112.16 and its 200-day moving average is $119.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm has a market capitalization of $43.04 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter last year, the firm posted $1.90 earnings per share. Equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.54%. Phillips 66's dividend payout ratio (DPR) is 109.34%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Mizuho decreased their price target on Phillips 66 from $140.00 to $132.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Barclays decreased their target price on Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group reduced their price objective on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Phillips 66 currently has a consensus rating of "Moderate Buy" and an average target price of $136.36.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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